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Samsung blames US AI chip sanctions for profit slump, shares dip
featured Tech

Samsung Electronics unveils world’s largest LCD screen

Samsung Electronics has expanded its professional display portfolio with the launch of the 115-inch QHFX 4K Smart Signage display, which the company describes as the world’s largest LCD screen. The new model is designed to bridge the gap between traditional videowalls and LED displays, offering enhanced visual performance and operational efficiency for enterprise, educational, and […]

State police bill scales second reading at House of Reps
featured

Police launch investigation into Ondo meter warehouse fire

The Ondo State Police Command has launched an investigation into a reported arson attack on a warehouse in Okitipupa, which resulted in the destruction of prepaid electricity meters valued at over ₦10 million. The command’s spokesperson, DSP Olayinka Ayanlade, disclosed this in a phone interview with the News Agency of Nigeria on Thursday. He described […]

YouTube music to support subscribing to podcasts via RSS
Tech

YouTube removes Disney contents over contract renewal deadlock

Content from The Walt Disney Company, including ABC and ESPN, was pulled from Google’s YouTube TV on Thursday after the two companies were unable to reach a renewal agreement for their streaming contract. “Despite our best efforts, we have not been able to reach a fair deal, and starting today, Disney programming will not be […]

Samsung blames US AI chip sanctions for profit slump, shares dip
Tech

Samsung to deploy 50,000 Nvidia GPUs for AI-powered chip manufacturing

Korean semiconductor powerhouse Samsung announced on Thursday plans to purchase and deploy 50,000 Nvidia graphics processing units to enhance its chip manufacturing capabilities for mobile devices and robotics. The GPUs will power what Samsung is calling an “AI Megafactory,” though the company has not revealed a timeline for the facility’s construction. The move marks another […]

Oil and Gas

Dangote opts for expansion over buying government refineries

President of the Dangote Group, Alhaji Aliko Dangote, has dismissed suggestions that he should acquire one of Nigeria’s idle government-owned refineries, saying he prefers to focus on expanding the capacity of his Lekki refinery from 650,000 barrels per day to 1.4 million bpd. He made this remark while announcing the expansion of the $20 billion […]

Business

Petrol price could hit N1,000/litre, marketers warn

Petroleum marketers have cautioned that the price of Premium Motor Spirit could surpass N1,000 per litre following President Bola Tinubu’s approval of a 15 per cent ad valorem import tariff on fuel. The policy, set to take effect after a 30-day transition period ending on 21 November 2025, is aimed at supporting local refiners and […]

Why FG should reveal names of subsidy beneficiaries - NLC
Business

NLC urges PenCom to crack down on pension defaulters

The President of the Nigeria Labour Congress, Joe Ajaero, has called on the National Pension Commission to enforce stricter penalties on employers who violate pension regulations in Nigeria. He made this appeal on Thursday during a roundtable discussion between PenCom and NLC leadership, an event attended by Nairametrics. Ajaero noted that the NLC continues to […]

Tech

Netflix explores bid for Warner Bros Discovery’s studio, streaming assets

Netflix is reportedly weighing a bid for Warner Bros. Discovery’s studio and streaming operations, having engaged investment bank Moelis & Co. as its advisor and secured access to the company’s financial data. The report stated that Moelis & Co., the same firm that advised Skydance Media in its successful Paramount Global deal, has been tasked […]

Business

FG reaffirms commitment to fast-tracking Brass Gas project

The Federal Government has reaffirmed its commitment to accelerating the completion of the multi-billion-dollar Brass Gas Projects in Bayelsa State, underscoring the initiative as a key driver of Nigeria’s industrialisation through the strategic use of natural gas. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, stated this on Thursday at a two-day All-Party Stakeholders’ […]

Tech

World’s first AI art museum, Dataland, unveils gallery

Refik Anadol Studio has offered a first look at Dataland, the world’s first museum dedicated to AI-driven art, unveiling a preview of one of its five galleries. Set to open next spring at The Grand Los Angeles, United States, the Frank Gehry-designed cultural complex in the 2,300-square-metre museum aims to redefine artistic expression in the […]

Niger owes Nigeria N4bn for electricity supply - NERC
Electricity

NERC to mark 20th anniversary of regulating Nigeria’s electricity sector

The Nigerian Electricity Regulatory Commission has announced the commemoration of its 20th Anniversary, marking two decades of regulating the Nigerian Electricity Supply Industry. A statement by the power sector regulator said the anniversary commemoration reflects on its remarkable journey—from the early challenges of its establishment, through the regulation of the unbundled power sector, the privatization […]